let's look at some examples ...
While we know you are itching to get at some real product inventory, we feel it is better to help you gauge the range of vehicles that may fit your budget and risk category than to worry about identifying the one car or truck that you want to buy. Remember that the cars and trucks we have in inventory rapidly turn over and therefore trying to keep up with whether that car or truck is still available may be frustrated by the approval process for your loan. Suffice to say, we will search for and obtain the best fit vehicle for you, once the loan approval is given. Depending on the risk level that you present to the lenders, you may be classified as a Tier A, B or C risk. Each represents a category of increasing risk and therefore increased interest rates to be applied. In the examples below, we use the mid-point of the interest rate ranges for purposes of calculating the monthly payments. Also we used zero downpayment ($0 down), no trade-in as the example. Naturally, once we know what your personal interest rate, and whether or not you have a trade-in or downpayment available, we will be able to more accurately calculate your actual monthly payments. These are provided as trying to show you comparative examples.
Interest Rate Range 7.95-15.32%
Compact, 80,000 kms, Powergroup ...
Purchase Price: $9,995, PST/GST: $1455.30
Total Amount Financed: $11,850.30, Zero Downpayment, No Trade-in
60 Month Term @ 12.95% monthly payments: $269.33
Mid-size 65,000 kms, loaded with power options...
Purchase Price: $12,995, PST/GST: $1875.30
Total Amount Financed: $15,270.30, Zero Downpayment, No Trade-in
60 Month Term @ 12.95% monthly payments: $347.05
SUV 85,000 kms, Loaded ...
Purchase Price: $15,995, PST/GST: $2295.30
Total Amount Financed: $15,270.30, Zero Downpayment, No Trade-in
60 Month Term @ 12.95% monthly payments: $424.78
Minivan 85,000 kms, Loaded ...
Purchase Price: $12,995, PST/GST: $1875.30
Total Amount Financed: $15,270.30, Zero Downpayment, No Trade-in
60 Month Term @ 12.95% monthly payments: $347.05
Pickup Truck 50,000 kms, Crewcab, loaded...
Purchase Price: $22,995, , PST/GST: $3275.30
Total Amount Financed: $26,670.30, Zero Downpayment, No Trade-in
60 Month Term @ 12.95% monthly payments: $606.15
Interest Rate Range 15.32-21.05%
Compact 80,000 kms, Powergroup ...
Purchase Price: $9,995, PST/GST: $1455.30
Total Amount Financed: $11,850.30, Zero Downpayment, No Trade-in
60 Month Term @ 18.80% monthly payments: $306.10
Mid-size 65,000 kms, loaded with power options...
Purchase Price: $12,995, PST/GST: $1875.30
Total Amount Financed: $15,270.30, Zero Downpayment, No Trade-in
60 Month Term @ 18.80% monthly payments: $394.43
SUV 85,000 kms, Loaded ...
Purchase Price: $15,995, PST/GST: $2295.30
Total Amount Financed: $15,270.30, Zero Downpayment, No Trade-in
60 Month Term @ 18.80% monthly payments: $483.78
MiniVan 85,000 kms, Loaded ...
Purchase Price: $12,995, PST/GST: $1875.30
Total Amount Financed: $15,270.30, Zero Downpayment, No Trade-in
60 Month Term @ 18.80% monthly payments: $394.43
Pickup Truck 50,000 kms, Crewcab, loaded...
Purchase Price: $22,995, PST/GST: $3275.30
Total Amount Financed: $26,670.30, Zero Downpayment, No Trade-in
60 Month Term @ 18.80% monthly payments: $688.91
Interest Rate Range 21.05-30.33%
Compact 80,000 kms, Powergroup ...
Purchase Price: $9,995, PST/GST: $1455.30
Total Amount Financed: $11,850.30, Zero Downpayment, No Trade-in
60 Month Term @ 25.83% monthly payments: $353.61
Mid-size 65,000 kms, Loaded with power options...
Purchase Price: $12,995, PST/GST: $1875.30
Total Amount Financed: $15,270.30, Zero Downpayment, No Trade-in
60 Month Term @ 25.83% monthly payments: $455.56
SUV 85,000 kms, Loaded ...
Purchase Price: $15,995, PST/GST: $2295.30
Total Amount Financed: $11,850.30, Zero Downpayment, No Trade-in
60 Month Term @ 25.83% monthly payments: $557.72
MiniVan 85,000 kms, Loaded ...
Purchase Price: $12,995, PST/GST: $18755.30
Total Amount Financed: $15,270.30, Zero Downpayment, No Trade-in
60 Month Term @ 25.83% monthly payments: $455.56
Pickup Truck 50,000 kms, Crewcab, Loaded...
Purchase Price: $22,995, PST/GST: $3275.30
Total Amount Financed: $26,670.30, Zero Downpayment, No Trade-in
60 Month Term @ 25.83% monthly payments: $795.84
You can apply for a loan any time, 24 hours per day. Our Special Finance managers will examine your request as soon as they get notified of your application. We can get you approved as early as the same day or usually within 24 hours of receiving your application during normal business hours.